CEOs at Work – Part 1 - Family Firms– Pharma Veterans’ Blog Post #538 by Asrar Qureshi
CEOs at Work – Part 1 - Family Firms– Pharma Veterans’ Blog Post #538 by Asrar Qureshi Dear Colleagues! This is Pharma Veterans’ Blog Post #538. Pharma Veterans welcome sharing of knowledge and wisdom by Veterans for the benefit of Community at large. Pharma Veterans Blog is published by Asrar Qureshi on WordPress, the top blog site. Please email to asrar@asrarqureshi.com for publishing your contributions here. Statistics say that almost all businesses start as family business. Later, some choose to go public while majority stays as family business. In the US, going public is popular, but even there 90% businesses are family businesses. For example, Wal-Mart which is a giant at 485 billion US$ in turnover and 2.3 million employees, is still a family business. Recently, I came across a study survey titled ‘Managing the Family Firm: Evidence from CEOs at Work’. The authors include Oriana Bandiera of London School of Economics, Andrea Prat of Columbia University and Raffaella Sadun o...